Replies to post #56222 on Applied DNA Sciences Inc (APDN)

[speed_of_light]

now that's what i call a transaction that has "bogus" and "legerdemain" written all over it...lol

theracann: "sorry, we don't have any cash like we said, but will give you convertible preferred shares instead!"

apdn: "hey, just give us SOMETHING!!! any old piece of paper with $4M printed on it somewhere will do!!!"

it's disturbing the think this bit of comical financial engineering could pass muster with nasdaq...

well, i thought they'd be trying to work out a last minute deal with theracann, but this is rich....gl!

[mcsharkey]

Yeah Otis, with TheraCann's Amalgamation with TrustedBrands2016

Trusted Brand 2016 Inc.
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AHHHH. Not a lot to go buy out the open shares on our TRIUMVIRATE.
GLTUA

[mcsharkey]

SWAGGING a bit on Theracann's IPO Otis, and what their convertible offering may mean to us. BTB (Before Trusted Brands) and still listed as underwriters for NEXT MOVE, Laurentian Bank Securities was providing some data on an IPO. I pulled out about 14 Million shares to be offered with price target from Can$7-to-Can$8 on initial offering.

From there, my factors bring us to ˜5% ownership with the current exchange rate around at 1.3times; Canada to US.= 5.2 mill ÷ C$7 (PPS) ˜ 750K of TheraCann convertible preferred stock).

Issue currently is NO ACTION on the amalgamation with Trusted Brands. I still think POT is going to be our savior. Maybe this "AMALGAMATION" will make us more appealing as a buy-out candidate.

My 2¢s